Brandywine Realty Trust (NYSE:BDN) Given Average Rating of “Reduce” by Brokerages

Brandywine Realty Trust (NYSE:BDN) has received a consensus recommendation of “Reduce” from the five research firms that are currently covering the firm, MarketBeat.com reports. Two equities research analysts have rated the stock with a sell recommendation and three have issued a hold recommendation on the company. The average 1 year target price among brokers that have updated their coverage on the stock in the last year is $4.00.

A number of brokerages have recently issued reports on BDN. Evercore ISI dropped their price target on shares of Brandywine Realty Trust from $5.00 to $4.00 and set an “in-line” rating on the stock in a research report on Friday, November 14th. Truist Financial downgraded shares of Brandywine Realty Trust from a “buy” rating to a “hold” rating and lowered their target price for the stock from $5.00 to $4.00 in a research note on Tuesday, September 16th. JPMorgan Chase & Co. restated an “underweight” rating on shares of Brandywine Realty Trust in a report on Monday, November 24th. KeyCorp downgraded Brandywine Realty Trust from an “overweight” rating to a “sector weight” rating in a report on Thursday, December 4th. Finally, Wall Street Zen raised Brandywine Realty Trust from a “sell” rating to a “hold” rating in a research report on Saturday.

Brandywine Realty Trust Trading Up 0.2%

Shares of BDN stock opened at $2.88 on Monday. The stock has a market cap of $499.39 million, a price-to-earnings ratio of -2.69 and a beta of 1.30. The stock has a 50-day moving average of $3.30 and a 200-day moving average of $3.87. The company has a current ratio of 2.14, a quick ratio of 2.14 and a debt-to-equity ratio of 2.68. Brandywine Realty Trust has a 1-year low of $2.83 and a 1-year high of $5.76.

Brandywine Realty Trust (NYSE:BDN) last posted its quarterly earnings data on Thursday, October 23rd. The real estate investment trust reported $0.16 EPS for the quarter, missing analysts’ consensus estimates of $0.17 by ($0.01). Brandywine Realty Trust had a negative return on equity of 19.55% and a negative net margin of 38.03%.The company had revenue of $121.42 million during the quarter, compared to analyst estimates of $119.11 million. On average, equities research analysts forecast that Brandywine Realty Trust will post 0.66 earnings per share for the current year.

Brandywine Realty Trust Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, January 22nd. Shareholders of record on Wednesday, January 7th will be issued a $0.08 dividend. This represents a $0.32 dividend on an annualized basis and a yield of 11.1%. The ex-dividend date is Wednesday, January 7th. Brandywine Realty Trust’s payout ratio is presently -29.91%.

Insider Activity at Brandywine Realty Trust

In other Brandywine Realty Trust news, CEO Gerard H. Sweeney purchased 88,500 shares of the business’s stock in a transaction on Monday, November 10th. The shares were purchased at an average cost of $3.38 per share, for a total transaction of $299,130.00. Following the acquisition, the chief executive officer owned 3,042,210 shares of the company’s stock, valued at approximately $10,282,669.80. This represents a 3.00% increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director James C. Diggs sold 23,190 shares of the firm’s stock in a transaction that occurred on Thursday, October 30th. The stock was sold at an average price of $3.47, for a total transaction of $80,469.30. Following the sale, the director directly owned 128,672 shares of the company’s stock, valued at approximately $446,491.84. This trade represents a 15.27% decrease in their position. The SEC filing for this sale provides additional information. 3.30% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Brandywine Realty Trust

Large investors have recently bought and sold shares of the stock. Advisory Services Network LLC bought a new position in shares of Brandywine Realty Trust during the 3rd quarter worth about $34,000. Ballentine Partners LLC acquired a new position in Brandywine Realty Trust during the 3rd quarter worth approximately $55,000. Coldstream Capital Management Inc. boosted its holdings in Brandywine Realty Trust by 48.5% in the second quarter. Coldstream Capital Management Inc. now owns 14,042 shares of the real estate investment trust’s stock worth $60,000 after acquiring an additional 4,588 shares in the last quarter. Creative Planning boosted its holdings in Brandywine Realty Trust by 23.9% in the second quarter. Creative Planning now owns 14,244 shares of the real estate investment trust’s stock worth $61,000 after acquiring an additional 2,749 shares in the last quarter. Finally, Tower Research Capital LLC TRC grew its stake in Brandywine Realty Trust by 146.6% in the second quarter. Tower Research Capital LLC TRC now owns 14,625 shares of the real estate investment trust’s stock valued at $63,000 after acquiring an additional 8,694 shares during the period. 87.27% of the stock is currently owned by institutional investors and hedge funds.

Brandywine Realty Trust Company Profile

Brandywine Realty Trust (NYSE: BDN) is an internally managed real estate investment trust (REIT) specializing in the acquisition, development, and management of office and mixed-use properties. Headquartered in Radnor, Pennsylvania, the company focuses on creating high‐quality, transit‐oriented workplaces that meet evolving tenant demands for sustainability, technological connectivity, and flexible design. Brandywine’s portfolio emphasizes Class A office space, often integrated with retail, residential or hospitality components to foster vibrant, live‐work‐play environments.

Since its founding in 1994, Brandywine has executed a strategy of disciplined property investment and targeted development.